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This episode seems too silly to be true. Is it pressure from Trustees? Alumni? Small colleges, in the majority of cases, are so desperate for enrollment that this must be a poor choice on a practical level (although it broke after the May 1 acceptance deadlines for Fall '23). I'm really interested to see how anti-woke colleges will fare after the enrollment cliff hits in 2025.

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My thesis is that this kind of thing happens due to imagined pressure from trustees and alums. Not so much about real complaints but desire to eliminate the possibility. I also agree with your second point — I’d anticipate a significant market decline following every story like this one.

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